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Alibaba shares rise 2% after Beijing orders Ant Group to revamp business

A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s financial technology affiliate Ant …

Alibaba shares rise 2% after Beijing orders Ant Group to revamp business Read More »

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Cramer counts Chipotle, Darden among ‘last man standing’ restaurant plays

CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out vividly in the restaurant industry, …

Cramer counts Chipotle, Darden among ‘last man standing’ restaurant plays Read More »

cramer-sees-upside-in-boeing-after-stock-pulled-back-on-new-737-max-issue

Cramer sees upside in Boeing after stock pulled back on new 737 Max issue

CNBC’s Jim Cramer advised buying the dip in Boeing after shares traded lower for two straight sessions. “Even with some short-term turbulence, Boeing’s perfectly positioned as the great reopening goes into full swing,” the “Mad Money” host said Monday. Dozens of 737 Max jets, manufactured by Boeing, were temporarily grounded Friday to address an electrical …

Cramer sees upside in Boeing after stock pulled back on new 737 Max issue Read More »

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Jim Cramer says Nvidia shares will ‘end up looking cheap’ next year as stock nears record high

CNBC’s Jim Cramer said Monday it’s a mistake for investors to write Nvidia stock off as overvalued. The U.S. chipmaker earlier unveiled new product launches and revealed it expects to beat profit estimates in the company’s current fiscal quarter. “Nvidia’s stock looks expensive because the company almost always beats the earnings estimates and beats them …

Jim Cramer says Nvidia shares will ‘end up looking cheap’ next year as stock nears record high Read More »

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Cannabis company Aphria looks to add consumer products brands as it waits for U.S. pot legalization

Irwin Simon, the CEO of Canadian cannabis company Aphria, is looking for additional opportunities to acquire brands in the consumer products space, hoping to grow beyond cannabis. “There’s many opportunities in the U.S. right now with food and drink and other consumer products, and I know about how to build consumer brands and parlay that …

Cannabis company Aphria looks to add consumer products brands as it waits for U.S. pot legalization Read More »

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DARPA awards nuclear spacecraft contracts to Lockheed Martin, Bezos’ Blue Origin and General Atomics

An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects …

DARPA awards nuclear spacecraft contracts to Lockheed Martin, Bezos’ Blue Origin and General Atomics Read More »

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NYSE launches ‘First Trade’ NFTs of Spotify, Snowflake and more

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first …

NYSE launches ‘First Trade’ NFTs of Spotify, Snowflake and more Read More »

white-house-using-new-methods-to-reach-vaccine-hesitant-americans:-nascar,-country-music-tv-and-‘deadliest-catch’

White House using new methods to reach vaccine-hesitant Americans: NASCAR, Country Music TV and ‘Deadliest Catch’

White House Press Secretary Jen Psaki holds a press briefing in the Brady Briefing Room of the White House in Washington, DC on April 12, 2021. Brendan Smialowski | AFP | Getty Images The White House is using alternative methods to reach Americans who remain reluctant to get a Covid-19 vaccine: NASCAR, Country Music TV …

White House using new methods to reach vaccine-hesitant Americans: NASCAR, Country Music TV and ‘Deadliest Catch’ Read More »

northrop-grumman-robotic-mev-2-spacecraft,-in-a-first,-catches-active-intelsat-satellite

Northrop Grumman robotic MEV-2 spacecraft, in a first, catches active Intelsat satellite

The view from Northrop Grumman’s MEV-2 spacecraft as it approached to dock with Intelsat satellite IS-1002. Intelsat Two aerospace firms accomplished an industry first on Monday, as a small Northrop Grumman spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life. Intelsat’s IS-1002 satellite is nearly 18 years old, and …

Northrop Grumman robotic MEV-2 spacecraft, in a first, catches active Intelsat satellite Read More »

how-alex-rodriguez-and-marc-lore’s-$1.5-billion-purchase-of-the-timberwolves-can-rebuild-the-team,-boost-diversity-in-nba

How Alex Rodriguez and Marc Lore’s $1.5 billion purchase of the Timberwolves can rebuild the team, boost diversity in NBA

Alex Rodriguez on May 9, 2019, at NBC’s “Today.” Zach Pagano | NBCUniversal | Getty Images Alex Rodriguez is finally a sports owner. Months after the former Major League Baseball star came up short in a bid to buy the New York Mets, the National Basketball Association opened up its ownership club. Rodriguez will join …

How Alex Rodriguez and Marc Lore’s $1.5 billion purchase of the Timberwolves can rebuild the team, boost diversity in NBA Read More »

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